DT Midstream, Inc. (NYSE:DTM) Shares Purchased by FSA Advisors Inc.

Key Points

• FSA Advisors Inc. increased its stake in DT Midstream, Inc. by 148.3% during the first quarter, bringing its total holdings to 5,736 shares valued at approximately $553,000.
• During its most recent quarterly earnings report, DT Midstream missed analysts' expectations by reporting $1.06 EPS, slightly below the anticipated $1.07, though it exceeded revenue expectations with $288.81 million.
• The company announced a quarterly dividend of $0.82, yielding 3.31%, and had a dividend payout ratio of 89.37%.

FSA Advisors Inc. raised its position in DT Midstream, Inc. (NYSE:DTM - Free Report) by 148.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,736 shares of the company's stock after purchasing an additional 3,426 shares during the quarter. FSA Advisors Inc.'s holdings in DT Midstream were worth $553,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ballentine Partners LLC grew its holdings in shares of DT Midstream by 4.8% in the first quarter. Ballentine Partners LLC now owns 2,498 shares of the company's stock valued at $241,000 after purchasing an additional 114 shares in the last quarter. Bessemer Group Inc. boosted its position in DT Midstream by 61.6% in the 4th quarter. Bessemer Group Inc. now owns 307 shares of the company's stock valued at $30,000 after buying an additional 117 shares during the period. NewEdge Advisors LLC grew its stake in shares of DT Midstream by 1.1% in the fourth quarter. NewEdge Advisors LLC now owns 13,413 shares of the company's stock worth $1,334,000 after acquiring an additional 142 shares in the last quarter. Applied Finance Capital Management LLC grew its stake in shares of DT Midstream by 6.5% in the first quarter. Applied Finance Capital Management LLC now owns 2,410 shares of the company's stock worth $233,000 after acquiring an additional 147 shares in the last quarter. Finally, Secure Asset Management LLC increased its position in shares of DT Midstream by 6.8% during the first quarter. Secure Asset Management LLC now owns 2,470 shares of the company's stock worth $238,000 after acquiring an additional 157 shares during the period. Hedge funds and other institutional investors own 81.53% of the company's stock.

DT Midstream Stock Down 0.9%

Shares of NYSE:DTM opened at $99.23 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $10.08 billion, a P/E ratio of 27.04, a P/E/G ratio of 1.81 and a beta of 0.78. DT Midstream, Inc. has a 1-year low of $69.82 and a 1-year high of $114.50. The firm has a fifty day moving average price of $104.66 and a 200 day moving average price of $100.83.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $1.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.07 by ($0.01). The company had revenue of $288.81 million for the quarter, compared to analysts' expectations of $285.48 million. DT Midstream had a return on equity of 8.46% and a net margin of 34.96%. During the same period in the prior year, the business earned $0.99 EPS. Sell-side analysts predict that DT Midstream, Inc. will post 3.8 EPS for the current year.

DT Midstream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 16th were paid a $0.82 dividend. This represents a $3.28 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Monday, June 16th. DT Midstream's dividend payout ratio (DPR) is presently 89.37%.

Wall Street Analyst Weigh In

Several research analysts have commented on DTM shares. US Capital Advisors cut shares of DT Midstream from a "moderate buy" rating to a "hold" rating in a report on Monday, April 28th. Morgan Stanley set a $115.00 target price on shares of DT Midstream and gave the stock an "underweight" rating in a research note on Tuesday, June 3rd. Finally, Barclays increased their target price on DT Midstream from $102.00 to $103.00 and gave the company an "equal weight" rating in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $109.27.

DT Midstream Company Profile

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.

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